Press release
2025-2034 Insect Growth Regulator Market Roadmap: Insights for Competitive Advantage
Insect Growth Regulator
How Large Will the Insect Growth Regulator Market Size By 2025?
The market size of the insect growth regulator has seen significant expansion in the past few years. The market, which was worth $1 billion in 2024, is expected to increase to $1.08 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.5%. This historical growth trend is predominantly due to an increase in pest issues, environmental worries, regulatory backing, and progress in formulation methods.
How Big Is the Insect Growth Regulator Market Size Expected to Grow by 2029?
It's projected that the insect growth regulator market will experience significant growth in the upcoming years, escalating to a value of $1.49 billion in 2029 with an 8.4% compound annual growth rate (CAGR). This market growth during the forecast period can be linked to several factors including the expansion of agricultural practices, rising pest resistance, broader application areas, consumer preference shifts, and worldwide climate changes. Key trends observed during the forecast period encompass technological progression, wider industry applications, advancements in product formulations, a heightened focus on non-target species, further technological improvements, and market consolidation.
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Which Key Market Drivers Powering Insect Growth Regulator Market Expansion and Growth?
The upsurge in the usage of eco-friendly pesticides is playing a pivotal role in expanding the insect growth regulators market. Pesticides, which are chemical compounds designed to exterminate pests such as viruses, bacteria, antimicrobials, or disinfectants that deter, incapacitate, and eliminate pests, are increasingly being perceived as harmful. Eco-friendly products for crop protection, which are sourced from natural elements, are being extensively used in organic farming. These products are preferred due to their ability to rapidly decompose and exert minimal impact on the environment. Also, they significantly reduce the risk of chronic poisoning among users, a common concern linked to chemical insecticides. A revelation in September 2024 by a US-based company, US Home & Garden Pesticides, projected that pesticide sales are estimated to rise annually by 2.8%, amounting to $3.2 billion by 2028, in the wake of fluctuation experienced in recent years due to the surge in gardening activity propelled by the COVID pandemic. As such, the growing inclination towards eco-friendly pesticides fuel the expansion of the insect growth regulators market.
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Which Fast-Growing Trends Are Poised to Disrupt the Insect Growth Regulator Market?
The increasing adoption of cutting-edge technologies has been identified as a predominant trend in the insect growth regulators market. In order to gain a competitive advantage, a majority of companies in this sector are concentrating on technological innovation, such as the creation of advanced insecticides. As an example, Bayer, a German pharmaceutical company, announced in April 2024, they have obtained an exclusive license from UK-based AlphaBio Control to introduce their first biological insecticide for farming crops. Initially set to be launched in 2028, this revolutionary product has been designed to counteract pests such as the cabbage stem flea beetle, a significant threat to crops like oilseed rape and cereals. This new bioinsecticide is consistent with Bayer's commitment to sustainable farming, offering a solution that minimizes environmental damage while preserving crop health.
What Are the Emerging Segments in the Insect Growth Regulator Market?
The insect growth regulator market covered in this report is segmented -
1) By Type: Chitin Synthesis Inhibitors, Juvenile Hormone Analogs And Mimics, Anti-Juvenile Hormone Agents
2) By Foam: Bait, Liquid, Aerosols
3) By Application: Agricultural, Livestock Pests, Commercial Pest Control
Subsegments:
1) By Chitin Synthesis Inhibitors: Benzoylureas, Morpholine Derivatives
2) By Juvenile Hormone Analogs And Mimics: Methoprene, Pyriproxyfen
3) By Anti-Juvenile Hormone Agents: Hydroprene, Fenoxycarb
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Who Are the Global Leaders in the Insect Growth Regulator Market?
Major companies operating in the insect growth regulator market include Bayer CropScience LLC, Syngenta AG, Valent U. S. A Corporation, Russell IPM Ltd., Nufarm Limited, ADAMA Agricultural Solutions Ltd., OHP Inc., McLaughlin Gormley King Company, Dow Inc., Sumitomo Chemical Company Limited, Corteva Agriscience Inc., BASF SE, Central Garden & Pet Company, Helm Agro US Inc., Control Solutions Inc., Central Life Sciences LLC, Zoecon Professional Products, Panpan Industry Group Co. Ltd., Averstar Industrial Co. Ltd., Algenex S. L., Ÿnsect SAS, Oxitec Ltd., Protix Biosystems, Smart Resilin Ltd., Hexafly, Norbite, Koppert Biological Systems, Biobest Group NV, Suterra LLC
Which are the Top Profitable Regional Markets for the Insect Growth Regulator Industry?
Asia-Pacific was the largest region in the regulator market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the insect growth regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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